Quote:
Originally Posted by Pat2015
That’s why I’ve never paid off the bond on any of the houses I’ve purchased in TV. Paying off the bond does not increase the value of the house.
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I agree and disagree with that statement.
Paying off the bond doesn't change the valuation of the house, i agree.
Getting a buyer to pay above the "valuation" may happen just fine due to there being no bond, as a buyer constraint
depends upon the buyer and his/her/their motivation and how the sell price is set, and the competing houses. Fewer houses for sale, motivated buyer, priced above the market, buyers looking for no bond specifically, they might buy it. .
This is not a black and white, yes or no topic.
retired finance guy
I have seen stupid corporations buy over value companies and then go bankrupt on deals I was part of. There are no shortages of buyers whose concept of value is skewed. .